Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 923 Cr.
- Current Price ₹ 186
- High / Low ₹ 225 / 47.7
- Stock P/E 55.1
- Book Value ₹ 11.4
- Dividend Yield 0.01 %
- ROCE 22.8 %
- ROE 27.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
Cons
- Stock is trading at 16.2 times its book value
- Company has high debtors of 159 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 171 | |
| 45 | 89 | 109 | 108 | 145 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 |
| OPM % | 4% | 10% | 12% | 14% | 15% |
| 0 | 0 | 1 | 1 | 4 | |
| Interest | 1 | 2 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 |
| Tax % | 35% | 37% | 26% | 26% | 25% |
| 1 | 5 | 8 | 10 | 18 | |
| EPS in Rs | 1.80 | 1.63 | 2.91 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 54% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 257% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| Last Year: | 27% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 9 | 12 | 12 |
| Reserves | 4 | 19 | 9 | 41 | 59 |
| 16 | 22 | 52 | 52 | 60 | |
| 11 | 18 | 28 | 15 | 23 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 |
| 1 | 1 | 2 | 5 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 9 |
| 30 | 58 | 96 | 115 | 139 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | |
| -0 | -0 | -1 | -4 | -18 | |
| 7 | 15 | 14 | 20 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 159 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 |
| Days Payable | 93 | 68 | 151 | 75 | 80 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 270 |
| Working Capital Days | 24 | 66 | 42 | 109 | 117 |
| ROCE % | 31% | 29% | 21% | 23% |
Documents
Announcements
-
Acquisition
20 September 2025 - Karnika to acquire 75% of Kidcity for INR 3.67 crore; closing by 31-Dec-2025.
-
Analysts/Institutional Investor Meet/Con. Call Updates
20 September 2025 - Karnika Industries to host virtual group investor meeting (Bharat Connect) on 25.09.2025 at 4:00 PM.
-
Copy of Newspaper Publication
8 September 2025 - Notice of 3rd AGM published in Business Standard and Ek Din on 08-09-2025.
-
Record Date
6 September 2025 - Register closed Sep 20-29, 2025; 3rd AGM via VC on Sep 29, 2025 at 1:00 PM.
-
Shareholders meeting
6 September 2025 - AGM on Sept 29, 2025; Annual Report FY2024-25; director appointments; e-voting details.
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments